GBP/USD and USD/JPY Approach Critical Decision Levels

EUR/USD

4 hour

The EUR/USD wave count is very vulnerable to change with the lingering insecurity of any euro zone news.

1 hour

All wave counts are highly subject to any volatility connected to news.

GBP/USD

4 hour

The GBP/USD is behaving choppily and has gone sideways for the last 2 trading days. A break below the support fractal would invalidate the wave count.

1 hour

The break above resistance (orange dotted line) was slow and corrective so far and requires a break above 1.5750 before upside potential is in vision. A break below the support trend line (light green) shows lack of upside momentum.

USD/JPY

4 hour

The USD/JPY managed to reach the bottom of the wedge and is now in a break or bounce spot. A break below support could see price fall towards the Fibonacci targets.

1 hour

The USD/JPY is showing bearish momentum as it approaches the important 122 support level.

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Operations in the international foreign exchange market (FOREX) are not recommended for all investors due to degree of risk.
Indexes, future contracts and price per share are of estimated value, and can’t be considered as constant and invariable.
This report is not designed to force the Client abandon from trading in the international FOREX market, it is meant for helping the Client to assess the risks of such kind of investments and with full responsibility step into determining the trading strategy for carrying out transactions. The English version of the following document is primary in case of discrepancy appearance between Russian and English editions.